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KOLD

KOLD - ProShares - UltraShort Bloomberg Natural Gas ETF Holdings & AI Analysis

$33.58
+3.17%

ProShares - UltraShort Bloomberg Natural Gas

•ETF
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FIT ANALYSIS
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Fund DNA

Management Fee (Expense Ratio)

0.95%High
The annual fee charged by the fund. Lower fees preserve your long-term compounding.

Fund Size (AUM)

$54.05MStandard
Total market value of assets held. Massive funds generally offer maximum liquidity and stability.

Price to NAV

+1.51%Premium
Measures if the ETF trades above (premium) or below (discount) its actual underlying asset value.

Market Sensitivity (Beta)

-3.29Inverse
Measures price correlation with the S&P 500. A negative beta means this fund generally moves in the opposite direction of the market.
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This ETF is designed to deliver twice the inverse daily performance of a major natural gas index. It is a highly specialized tool used to profit from dropping natural gas prices rather than a traditional long-term investment. I have synthesized my analysis of its asset composition, live market action, and macro factors to provide a comprehensive thesis. What specific areas can I detail for you?

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Pro EquitAI Research Report

“A tactical, short-term instrument heavily dependent on unpredictable weather and energy supply shocks.”

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BULLISH

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Generated on September 17, 2026
Reference Price: $29.31

Natural gas is a notoriously volatile commodity driven by weather patterns, storage reports, and global energy demands. Right now, this fund acts as a high-octane bet that natural gas prices will fall, thriving when mild weather or oversupply gluts the market. Because it is an inverse and leveraged fund, it is highly sensitive to sudden macroeconomic shifts in the broader energy landscape.

The Bull Case

  • Abundant natural gas storage and mild weather forecasts tend to suppress energy prices, which directly boosts this inverse fund.
  • Slower global economic growth and elevated interest rates can cool down industrial energy demand, putting downward pressure on natural gas.

The Bear Case

  • Unexpected extreme weather events, like severe winter storms or summer heatwaves, can cause sudden spikes in natural gas demand that would heavily penalize this inverse ETF.
  • Geopolitical shocks disrupting global energy supply chains or unexpected cuts in pipeline production can trigger rapid price rallies in the underlying commodity.

Macro Trends & Strategy Narrow

This fund does not possess a traditional economic moat, as it is a tactical trading tool tied to a highly cyclical energy niche. While broader economic cycles and shifting interest rates impact industrial energy consumption, natural gas is ultimately driven by short-term supply and localized weather dynamics. This makes the fund suitable only for navigating very specific macro moments rather than long-term compounding.

Fund Risk & Structure

Comprehensive proprietary risk architecture, tracking deviation metrics, counterparty exposure breakdown, and portfolio stress testing across varied macroeconomic interest rate regimes.

Portfolio Role & Verdict

Actionable core portfolio allocation assessment, long-term capital preservation guidance, tactical duration adjustments, and benchmark suitability verdict.

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This report is based on up-to-date financial fundamentals and Wall Street projections.